Misrepresentation in Railroad Affairs
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In our eReader you can find the full English version of the book. Read Misrepresentation in Railroad Affairs Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Misrepresentation in Railroad Affairs
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The projected cut-off was to be only 34 miles long, and the survey showed that it could be built over easy grades, 18 RAILROAD AFFAIRS not exceeding in any place i6 feet to the mile. The estimated cost was about $600, 000, and it was thought that this sum could easily be saved out of earnings. When it was proposed to put a mortgage on a part of the road, to secure a part of the bond issue, the question came up : should such mortgage be made to cover this legally authorized but as yet unbuilt cu...t-off? Counsel for the company and counsel for the trustee both advised that the short branch line be included, because it would be better to subject it to the lien of the mortgage then being executed than to create another mortgage hen at a later time. Upon this advice Mr. Harriman and his asso- ciates acted; but in order to proceed openly and above-board, they distinctly said, in their listing appUcation to the New York Stock Exchange: "This line has been surveyed but has not yet been constructed.
What to read after Misrepresentation in Railroad Affairs?
You can find similar books in the "Read Also" column, or choose other free books by Kennan, George, 1845-1924 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The projected cut-off was to be only 34 miles long, and the survey showed that it could be built over easy grades, 18 RAILROAD AFFAIRS not exceeding in any place i6 feet to the mile. The estimated cost was about $600, 000, and it was thought that this sum could easily be saved out of earnings. When it was proposed to put a mortgage on a part of the road, to secure a part of the bond issue, the question came up : should such mortgage be made to cover this legally authorized but as yet unbuilt cu...t-off? Counsel for the company and counsel for the trustee both advised that the short branch line be included, because it would be better to subject it to the lien of the mortgage then being executed than to create another mortgage hen at a later time. Upon this advice Mr. Harriman and his asso- ciates acted; but in order to proceed openly and above-board, they distinctly said, in their listing appUcation to the New York Stock Exchange: "This line has been surveyed but has not yet been constructed.
What to read after Misrepresentation in Railroad Affairs?
You can find similar books in the "Read Also" column, or choose other free books by Kennan, George, 1845-1924 to read onlineMoreLess
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